OFX Group Limited (OTCMKTS:OZFRY) Sees Large Decline in Short Interest

OFX Group Limited (OTCMKTS:OZFRY) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 255 shares, a decline of 97.9% from the November 30th total of 11,988 shares. Based on an average daily trading volume, of 13,038 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 13,038 shares, the days-to-cover ratio is presently 0.0 days.

OFX Group Stock Up 3.8%

OFX Group stock traded up $0.06 during mid-day trading on Friday, hitting $1.64. The company’s stock had a trading volume of 250 shares, compared to its average volume of 3,115. OFX Group has a 52-week low of $1.58 and a 52-week high of $3.65. The firm’s 50 day moving average is $2.00 and its 200 day moving average is $2.37.

OFX Group Company Profile

OFX Group is a global provider of online foreign exchange and international payment services. The company operates a digital platform that enables individuals, small businesses, and larger institutions to send and receive money across borders at competitive exchange rates. Its core offering includes spot and forward currency contracts, risk management tools, and multi-currency accounts designed to streamline cross-border transactions.

Originally founded in Sydney in 1998 under the name OzForex, OFX Group has grown through organic expansion and acquisitions to establish a presence in major financial markets.